Kalyan Jewellers India’s stock fell by as much as 5% on October 7, as investors took advantage of the company’s strong Q2 business updates to book profits.
Despite a significant 40% increase in the stock over the past three months, which provided an opportunity for profit-taking, the stock continued to see pressure from selling. By 10:17 am, the shares were trading at ₹694.55 on the NSE, after dipping to a low of ₹678.50 earlier in the day.
